Forex - EUR/USD dips as dollar firms on Yellen's take on jobs

Investing.com - Investing.com - The euro fell against a firming dollar on Friday after Federal Reserve Chair Janet Yellen said earlier that the economy continues to improve and with it, the labor market is strengthening as well.

In U.S. trading, EUR/USD was down 0.32% at 1.3238, up from a session low of 1.3221 and off a high of 1.3297.

The pair was likely to find support at 1.3221, the session low, and resistance at 1.3412, the high from Aug. 15

Speaking at the Federal Reserve Bank of Kansas City's annual Jackson Hole symposium, Janet Yellen said the U.S. economy is recovering and added the labor market is improving as well.

"More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in May of this year finally exceeding the previous peak in January 2008. Job gains in 2014 have averaged 230,000 a month, up from the 190,000 a month pace during the preceding two years," Yellen said in prepared remarks of her speech.

"The unemployment rate, at 6.2 percent in July, has declined nearly 4 percentage points from its late 2009 peak. Over the past year, the unemployment rate has fallen considerably, and at a surprisingly rapid pace."

While Yellen pointed out that slack still remains in the labor market, her comments sparked fresh expectations for the Fed to close its bond-buying program around October and raise interest rates in 2015, possibly sooner than once anticipated.

Thursday's upbeat U.S. data bolstered the greenback as well.

The Federal Reserve Bank of Philadelphia said that its manufacturing index topped a three-year high of 28.0 this month from July's 23.9 reading. Analysts had expected the index to decline to 19.2 in July.

Separately, market research group Markit said that its preliminary U.S. manufacturing purchasing managers' index increased to a four-year high of 58.0 this month from a final reading of 55.8 in July. Analysts had expected the index to ease down to 55.7 in August.

Data also showed that U.S. existing home sales increased 2.4% to 5.15 million units last month from 5.03 million in June. Analysts had expected existing home sales to dip 0.4% to 5.02 million units in July.

Also on Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Aug. 16 decreased by 14,000 to 298,000 from the previous week's revised total of 312,000.

Analysts had expected jobless claims to fall by 12,000 to 300,000 last week.

Elsewhere, the euro was down against the pound, with EUR/GBP down 0.28% at 0.7988, and down against the yen, with EUR/JPY down 0.25% at 137.57.

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Gold gains on geopolitical concerns, Yellen comments

Investing.com - Investing.com - Gold prices rose on Friday as events heated up in Ukraine, while investors digested an upbeat take on the economy from Federal Reserve Chair Janet Yellen and concluded that despite improvements taking place in the labor market, slackness persists, leading investors to believe the Fed will take its time raising interest rates.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,281.20 a troy ounce during U.S. trading, up 0.45%, up from a session low of $1,275.00 and off a high of $1,283.70.

The December contract settled down 1.53% at $1,275.40 on Thursday.

Futures were likely to find support at $1,275.00 a troy ounce, the session low, and resistance at $1,304.90, Monday's high.

Speaking at the Federal Reserve Bank of Kansas City's annual Jackson Hole symposium, Janet Yellen said the U.S. economy is recovering and added the labor market is improving as well.

"More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in May of this year finally exceeding the previous peak in January 2008. Job gains in 2014 have averaged 230,000 a month, up from the 190,000 a month pace during the preceding two years," Yellen said in prepared remarks of her speech.

"The unemployment rate, at 6.2 percent in July, has declined nearly 4 percentage points from its late 2009 peak. Over the past year, the unemployment rate has fallen considerably, and at a surprisingly rapid pace."

Yellen's comments sparked a rally earlier for the dollar, which trades inversely with gold, though the yellow metal rebounded after markets concluded that the Fed will still take its time raising interest rates to avoid disrupting recovery.

"Underutilization of labor resources still remains significant. Given this assessment and the Committee's expectation that inflation will gradually move up toward its longer-run objective, the Committee reaffirmed its view 'that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after our current asset purchase program ends, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored,'" Yellen said in prepared remarks of her speech.

Geopolitical concerns fueled safe-haven demand for gold as well.

Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine where pro-Russian rebels are fighting government forces.

Meanwhile, silver for September delivery was down 0.09% at $19.398 a troy ounce, while copper futures for September delivery were up 0.95% at $3.206 a pound.

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Cos Act drafted in haste, without any thinking: SC Judge

Arjan Kumar Sikri, Supre Court Judge says, "Here is a case where from 99 we are struggling to bring out a new law and so much exercise done but ultimately what is the product. When we get it, it is labelled, and rightly so, that there is no thinking behind it. See after 14 years this is where we have landed."

The companies act has received flak from India Inc and others for its lack of clarity. The new government is in the process of amending the rules and now a sitting Supreme Court judge has slammed the legislation--- speaking at event in Delhi, Justice Sikri said the act was drafted in haste without any thinking--- he also slammed the parliament saying it exposes their lack of legislative competency and warned that it could lead to further litigation. M Damodaran the former chairman of SEBI also hit out at the companies act saying its an excellent example of a badly drafted legislation.

Arjan Kumar Sikri, Supre Court Judge says, "Here is a case where from 99 we are struggling to bring out a new law and so much exercise done but ultimately what is the product. When we get it, it is labelled, and rightly so, that there is no thinking behind it. See after 14 years this is where we have landed."

Some very stinging remarks coming from a sitting judge who importantly is handling massive important cases such as the Sahara matter. Of course, with respect of the companies act, he was very critical of the government. He said that the parliament is shirking responsibilities by shifting legislative authority on to bureaucrats who are now in effect writing the laws by way of notifying various rules. So that has been the bone of contention.

Again, he said that the law had been very poorly drafted that the intent is not very clear when one reads the companies act. He also went on to warn that unless remedial measures are taken promptly by the government, it could result in what could potentially be termed as a tsunami of litigation where the courts would then have to give clarity on the various aspects where there are various ambiguity.

Now this is the question of ambiguity that had also been red flagged by M Damodaran, the former chairman of Securities and exchange board of India (SEBI). He said that there are various loopholes as far as the companies act is concerned. There are issues in terms of related party transactions are concerned. He said that it is critical to define how to compute the arms length pricing. There is no such mechanism that has been provided in the companies act. He also said that the related party transactions, this term has been defined very broadly and in fact, was very critical of the ad hoc decisions that are taken in terms of daily circulars that are issued by the Ministry of Corporate Affairs (MCA) to give more clarity in an attempt to bring some solace to the industry.

So in effect, some very scathing remarks coming in as far as the companies act is concerned with the essence being that it is very poorly drafted and that more needs to be done to bring more clarity unless to avoid what could potentially be called a tsunami of litigations which could flood the various courts.

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Natural gas takes back losses from bearish weekly U.S. inventory data

Investing.com - Investing.com - A bearish weekly U.S. supply report sent natural gas future falling on Thursday though prices jumped back into positive territory in choppy trading as investors digested weather reports over the lower 48 U.S. states as well as in the tropical Atlantic Ocean.

On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.857 per million British thermal units during U.S. trading, up 0.89%. The commodity hit a session low of $3.790, and a high of $3.955.

The September contract settled down 1.39% on Wednesday to end at $3.823 per million British thermal units.

Natural gas futures were likely to find support at $3.790 per million British thermal units, the session low, and resistance at $4.020, the high from Aug. 12.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Aug. 15 rose by 88 billion cubic feet, surpassing expectations for an increase of 83 billion cubic feet, which sent prices falling earlier Thursday.

Inventories rose by 58 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 48 billion cubic feet.

Injections of gas into storage have surpassed the five-year average for 18 consecutive weeks, alleviating concerns over tightening supplies.

Total U.S. natural gas storage stood at 2.467 trillion cubic feet. Stocks were 500 billion cubic feet less than last year at this time and 535 billion cubic feet below the five-year average of 3.090 trillion cubic feet for this time of year.

Prices jumped back up in volatile trading session fueled by uncertainty over how weather patterns may affect prices.

A low-pressure system in the western Atlantic Ocean appeared poised to develop into a tropical cyclone, with the National Hurricane Center giving the storm a 50% chance of becoming a tropical depression in 48 hours and a 70% chance in 5 days.

The latest model runs at the time of writing appeared to keep the system in the Atlantic Ocean and out of the gas-rich Gulf of Mexico, but uncertainty priced in the possibility that the storm could disrupt operations should it develop.

Elsewhere, weather uncertainty over the lower 48 states fueled volatility as well.

Weather systems will trek across the northern U.S. through the first week of September and push milder temperatures into the central and southeastern U.S.

Mild temperatures cut into demand for air conditioning this time of year, which is bearish for natural gas.

"Shorter term; it will remain quite hot over the southern U.S. and Midwest through this weekend, but then temperatures will begin to scale back as the Canadian weather system we have been advertising gradually tracks across the country," Natgasweather.com reported in its Thursday midday update.

"Weather patterns continue to look quite bearish after the current warm up over the central and eastern U.S. plays out. With a cool blast next week, followed by what looks to be a mostly comfortable U.S. pattern going into the first week of September, and also with the threat of a hurricane becoming essentially nil, we think eventually $3.75 will again get tested," Natgasweather.com added.

"Right now, the markets are moving irrationally, and we think it's best to step aside unless you see an entry point you think is too good to pass up."

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in October were up 0.90% at $94.29 a barrel, while heating oil for September delivery were up 0.36% at $2.8359 per gallon.

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Fed Minutes: Improving labor market means earlier rate hikes

Investing.com - Investing.com - Some monetary authorities favor raising U.S. interest rates sooner than later, as the economy appears poised to absorb slackness in the labor market, the minutes from the Federal Reserve's July 30 policy meeting revealed on Wednesday.

The Federal Reserve voted to leave benchmark interest rate unchanged at 0.00-0.25% and added it would cut its monthly bond-buying program to $25 billion from $35 billion.

The Fed said on July 30 that the overall economy is improving, though slackness remains in the labor market despite growth, which prompted monetary authorities to continue tapering its asset-purchasing program by only $10 billion per policy meeting.

The Fed's stimulus bond-buying program is seen concluding around October, and rate hikes are expected in 2015, though the timing of the latter remains up in the air.

While some monetary authorities favored studying more data before deciding, others felt action should come sooner rather than later.

"Many participants noted that if convergence toward the Committee's objectives occurred more quickly than expected, it might become appropriate to begin removing monetary policy accommodation sooner than they currently anticipated," the minutes read.

"Indeed, some participants viewed the actual and expected progress toward the Committee's goals as sufficient to call for a relatively prompt move toward reducing policy accommodation to avoid overshooting the Committee's unemployment and inflation objectives over the medium term," the minutes added.

Fed Chair Janet Yellen has said that the U.S. economy is improving though monetary authorities continue to note slackness in the labor market, though the minutes revealed some monetary authorities feel that slackness may be absorbed in the near future.

"Many members noted, however, that the characterization of labor market underutilization might have to change before long, particularly if progress in the labor market continued to be faster than anticipated."

The dollar firmed initially on the news.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.39% at 82.25.

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U.S. stocks rise on upbeat Fed minutes; Dow rises 0.35%

Investing.com - Investing.com - U.S. stocks finished Wednesday largely higher after the minutes from the Federal Reserve's July policy meeting suggested that the labor market is improving to the point that rate hikes may come sooner than later.

At the close of U.S. trading, the Dow 30 rose 0.35%, the S&P 500 index rose 0.25%, while the NASDAQ Composite index fell 0.02%, mainly due to profit taking.

The Volatility S&P 500 index, which measures the outlook for market volatility, was down 3.28% at 11.81.

The U.S. labor market is improving to the point that rate hikes may come sooner rather than later, the Fed minutes released earlier revealed,

"Many participants noted that if convergence toward the Committee's objectives occurred more quickly than expected, it might become appropriate to begin removing monetary policy accommodation sooner than they currently anticipated," the minutes released earlier Wednesday read.

"Indeed, some participants viewed the actual and expected progress toward the Committee's goals as sufficient to call for a relatively prompt move toward reducing policy accommodation to avoid overshooting the Committee's unemployment and inflation objectives over the medium term," the minutes added.

Stocks rose even though the document pointed to rising borrowing costs down the horizon.

The Federal Reserve's Jackson Hole symposium begins on Thursday, and many investors bet Fed Chair Janet Yellen will provide dovish words to complement the hawkish meeting minutes to convey to markets that even though rates will rise, monetary authorities will make sure they do so gradually.

Upbeat earnings from retailer Target Corporation (NYSE:TGT), home improvement store Lowe's Companies Inc (NYSE:LOW) boosted stocks as well on Wednesday, one day after Home Depot Inc (NYSE:HD) unveiled better-than-expected results.

Leading Dow Jones Industrial Average performers included Home Depot Inc (NYSE:HD), up 2.86%, Boeing Company (NYSE:BA), up 1.43%, and General Electric Company (NYSE:GE), up 1.17%.

The Dow Jones Industrial Average's worst performers included Microsoft Corporation (NASDAQ:MSFT), down 0.85%, McDonald's Corporation (NYSE:MCD), down 0.28%, and Walt Disney Company (NYSE:DIS), down 0.27%.

European indices, meanwhile, ended the lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 0.30%, France's CAC 40 fell 0.32%, while Germany's DAX fell 0.21%. Meanwhile, in the U.K. the FTSE 100 fell 0.35%.

On Thursday, the U.S. is to produce data on unemployment claims, manufacturing activity and existing home sales.

The first day of the annual economic symposium is due to take place in Jackson Hole, Wyoming.

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U.S. stocks jump on robust housing data; Dow rises 0.48%

Investing.com - Investing.com - U.S. stocks rose on Tuesday after Wall Street applauded vigorous housing data coupled with solid consumer inflation figures.

At the close of U.S. trading, the Dow 30 rose 0.48%, the S&P 500 index rose 0.50%, while the NASDAQ Composite index rose 0.43%.

The Volatility S&P 500 index, which measures the outlook for market volatility, was down 0.97% at 12.20.

The U.S. Commerce Department reported earlier that the number of building permits issued in July jumped 8.1% to 1.052 million units from June's total of 973,000. Analysts expected building permits to rise by 2.5% to 1.0 million units in July, and the data sparked a rally on Wall Street.

The report also showed that U.S. housing starts soared by 15.7% last month to hit 1.093 million units from June's total of 945,000, far past expectations for an increase of 8.6% to 969,000 units.

A separate report showed that the U.S. consumer price index rose 0.1% last month from June and 2.0% on year, both figures meeting estimates.

Core consumer prices, which exclude food and energy costs, inched up by 0.1% last month, missing expectations for a 0.2% gain, though the year-on-year rate came in at 1.9%, which met expectations.

In company news, Home Depot Inc (NYSE:HD) shares soared after the home-improvement retailer unveiled earnings that beat expectations and also said it was raising its outlook.

Retailer TJX Companies Inc (NYSE:TJX) raised its 2014 earnings forecast as well, which added to Tuesday's gains.

Leading Dow Jones Industrial Average performers included Home Depot Inc (NYSE:HD), up 5.49%, UnitedHealth Group Incorporated (NYSE:UNH), up 1.35%, and American Express Company (NYSE:AXP), up 1.10%.

The Dow Jones Industrial Average's worst performers included AT&T Inc (NYSE:T), down 0.51%, Goldman Sachs Group Inc (NYSE:GS), down 0.36%, and Intel Corporation (NASDAQ:INTC), down 0.25%.

European indices, meanwhile, ended the higher.

After the close of European trade, the DJ Euro Stoxx 50 rose 0.63%, France's CAC 40 rose 0.56%, while Germany's DAX rose 0.96%. Meanwhile, in the U.K. the FTSE 100 rose 0.56%.

On Wednesday, the Federal Reserve is to publish the minutes of its latest policy meeting.

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Dollar gains on strong U.S. housing, consumer inflation data

Investing.com - Investing.com - The dollar traded higher against most major currencies on Tuesday after a fresh batch of U.S. housing indicators coupled with solid inflation reports kept expectations strong for the Federal Reserve to wind down stimulus programs this fall.

In U.S. trading on Tuesday, EUR/USD was down 0.32% at 1.3320.

The dollar firmed against the euro and most other currencies after the U.S. Commerce Department said that the number of building permits issued in July jumped 8.1% to 1.052 million units from June's total of 973,000. Analysts expected building permits to rise by 2.5% to 1.0 million units in July.

The report also showed that U.S. housing starts soared by 15.7% last month to hit 1.093 million units from June's total of 945,000, far past expectations for an increase of 8.6% to 969,000 units.

A separate report showed that the U.S. consumer price index rose 0.1% last month from June and 2.0% on year, both figures meeting estimates.

Core consumer prices, which exclude food and energy costs, inched up by 0.1% last month, missing expectations for a 0.2% gain, though the year-on-year rate came in at 1.9%, which met expectations.

On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index increased to 55.0 in August, a seven-month high, from 53.0 in July, beating estimates for a reading of 53.0.

The data fueled market speculation that the Federal Reserve will close its asset-purchasing stimulus program in October and hike interest rates some time in 2015, which would allow the dollar to rise.

Waning fears that the Russian-Ukraine conflict will escalate also bolstered the greenback.

The euro, meanwhile, continued to come under pressure due to ongoing expectations that monetary stimulus programs in the U.S. will wind down at the same time the European Central Bank takes steps to loosen policy.

The dollar was up against the yen, with USD/JPY up 0.33% at 102.91, and up against the Swiss franc, with USD/CHF up 0.26% at 0.9090.

The greenback was up against the pound, with GBP/USD down 0.67% at 1.6616.

The pound weakened broadly earlier Tuesday after official data showed that the annual rate of inflation in the U.K. slowed in July, curbing expectations for an interest rate increase.

The annual rate of inflation slowed to a two-month low of 1.6% in July from 1.9% in June. Economists had expected inflation to tick down to 1.8%. U.K. consumer prices contracted 0.3% in July from June, worse than market forecasts for a 0.2% month-on-month contraction.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.51% at 1.0943, AUD/USD down 0.23% at 0.9304 and NZD/USD down 0.66% at 0.8420.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.38% at 81.941.

On Wednesday, the Federal Reserve is to publish the minutes of its latest policy meeting.

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Brazil mourns presidential candidate killed in plane crash

By Paulo Whitaker

RECIFE Brazil (Reuters) - Tens of thousands of Brazilians gathered on Sunday in the northeastern city of Recife to bid farewell to presidential candidate Eduardo Campos, killed in a plane crash four days ago, as debate swirled about the impact of his death on the October election.

Locals waited hours in line to pay their respects in front of Campos' coffin and watch an open-air mass attended by a number of Brazilian officials, including President Dilma Rousseff and her predecessor, Luiz Inacio Lula da Silva. She was briefly booed on her arrival.

Campos, a former governor of the Pernambuco state, was mourned at the entrance of the gubernatorial palace in a ceremony with intense media coverage.

"We lost a leader, one of the best governors that Pernambuco ever had," said Luiza Silva, 58, who criticized the presence of Campos' political opponents at his funeral.

The death of Campos, who was running third in opinion polls, is expected to upend Brazil's presidential race as it catapulted his running mate, renowned environmentalist Marina Silva, to the head of the presidential ticket of the Brazilian Socialist Party.

"I have the sense of responsibility and commitment imposed by the loss of Campos," Silva told journalists as she landed in Recife on Saturday. A devout Christian, she said an act of "divine providence" spared her from being with Campos in the private jet that crashed last Wednesday.

While the PSB, as Campos' party is known, is scheduled to officially launch Silva's candidacy on Wednesday, a first opinion poll showing the new political scenario is expected to be released on Monday.

The outpouring of public sympathy for Campos may at least initially translate into a popularity boost for Silva, who won nearly 20 percent of the votes when she first ran for president in 2010.

Pollsters and political commentators forecast that Silva is likely to come ahead of or statistically tie in second place with Senator Aecio Neves, an opposition presidential candidate who is running on a market-friendly platform.

Brazil's first-round vote is scheduled for Oct. 5. Rousseff, the incumbent president, leads opinion polls.

Some analysts said that if Silva makes it to a second-round runoff on Oct. 26, she will probably be a tougher contender than Neves as she is more likely to appeal to younger voters who are disillusioned with Brazil's political establishment.

Silva also has a loyal following among evangelical voters, an increasingly influential demographic in Brazil.

(Reporting by Paulo Whitaker; Writing by Walter Brandimarte; Editing by Jan Paschal)

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India simply not good enough, says Dhoni

By Ed Osmond

LONDON (Reuters) - India captain MS Dhoni admitted his team had simply not been good enough after losing the five-match test series against England 3-1 on Sunday.

The touring side played excellently to win the second test at Lord's after losing the toss on a difficult wicket to bat on but they were blown away in the last three matches following a series of spectacular batting collapses.

"The last three tests, we were not up to the mark. We never competed," Dhoni said at the presentation ceremony following his team's defeat by an innings and 244 runs in the final test at The Oval.

"Today's batting was a reflection of a loss of confidence. It's disappointing. The youngsters will have learned, not many will have played here. It's important for them.

"Right from the start, our batsmen haven't performed - it was the lower order. Later on in the series, when the lower order didn't perform, we saw there wasn't enough runs on the board."

India were bowled out for 94 inside 30 overs on Sunday, failing to cope with the conditions and an inspired England pace attack.

"It's demanding over here, but the wickets were good, with nice pace and bounce," said Dhoni who was led India to three test series losses to England in a row.

"With overcast conditions, the ball swings. The England bowlers were very consistent."

Dhoni said he had been powerless to change the momentum of the series.

"We couldn't have done anything different," he said. "We gave Rohit Sharma a game, but who else could we have left out? If you are playing with five bowlers, it's very difficult.

"There was no point playing a practice game after the third test. We were here early and we had the resources."

Bhuvneshwar Kumar was named India's man of the series for his consistent seam bowling and useful runs at number nine in the order.

"What is important is what you learn from a series and what you do after," he said.

"In a five-match series it's never easy to maintain performance. We have some inexperienced players who will learn. Being a fast bowler, it is always enjoyable bowling in England. I tried to keep my line and length."

(Editing by Justin Palmer)

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Skymet forecasts good showers for TN AP after 48 hours

A cyclonic circulation is likely to come up over south coastal Andhra Pradesh and adjoining Bay of Bengal region. The northeast-southwest trough extending from south Chhattisgarh to north Tamil Nadu is expected to move further inwards.

As a result, Southwest Monsoon will remain active over Tamil Nadu, Andhra Pradesh and south interior Karnataka. Rain will increase over these areas after 48 hours and continue for at least 2 days.

During the weak and break Monsoon conditions also, Monsoon systems have a tendency to appear in the lower latitudes in the Bay of Bengal off Tamil Nadu and Andhra Pradesh coast.

Monsoon in Tamil Nadu so far

Tamil Nadu observes less rain during the Monsoon season. However, it was one of the very few pockets that observed a surplus of 4% in June, while the entire country was experiencing scanty or deficit rain.

Being in the rain shadow area, even a minor fluctuation in rainfall amounts either pushes up the deficit figure or pulls it down. This can easily be understood from the fact that June was surplus, while July was deficit by 25%. As of date (from 1st June) the deficit now stands at 3%.

Monsoon in Telangana so far

The Telangana sub-division in southern peninsula has been deficit since the onset of Monsoon in June. In fact, rain deficit has always remained higher than the cumulative deficit of the country.

It is also the worst performer among the eight sub divisions in southern peninsula which include Coastal Andhra Pradesh, Rayalaseema, Tamil Nadu & Puducherry, Coastal Karnataka, South Interior Karnataka, North Interior Karnataka and Kerala.

Till 20th July, Telangana was observing a rainfall deficit of 50% but some scattered rain during the last week of July pulled it down to 47%. However, it has again risen to settle at 53% currently.

According to latest weather update by Skymet Meteorology Division in India, hopefully, this spell of rain will bring down the rain deficit to some extent, though significant rain is expected mainly over coastal Andhra Pradesh and Rayalaseema region.

By: Skymetweather.com

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Chlorophyll: Creating brands for the digital world

Brand consultancy Chlorophyll celebrated its 15th anniversary. Setup in 1999 by Kiran Khalap, Anand Halve & Madan Bahal, Chlorophyll has worked on prominent brands including Unilever, Mahindra Two Wheelers & Meru Cabs. Storyboard caught up with the founders.

This week, brand consultancy Chlorophyll celebrated its 15th anniversary. Setup in 1999 by Kiran Khalap, Anand Halve and Madan Bahal, Chlorophyll has worked on prominent brands including Unilever, Mahindra Two Wheelers and Meru Cabs. We caught up with the founders to understand the changing market requirements and the challenges of creating a brand in the digital age.

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